straight life annuity


An annuity usually used for retirement that does not have a death benefit. Only the recipient of such annuity receives any payments from it. Straight life annuities usually provide larger payout amounts than other similar products since benefits end when the recipient reaches their death. Most times these types of annuities are opened by individuals who do not have dependents and are looking to get the most out of their pension before their death.

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I suggest a straight life annuity since you do not have children to ensure you get the most out of your pension.

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You should try to make sure that you know that a straight life annuity will cover all the things you need it to.

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Arthur preferred a straight life annuity from his insurance company because once he was dead, he didn't care what happened to his money.

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